Gene Haas' foray into Formula One continues with the purchase of Marussia's Banbury factory.

According to Racecar Engineering, Gene Haas recently noted he was interested in participating in the Marussia F1 auction, which saw many of the crumbling team's assets sold off to the highest bidders. However, their Banbury factory was not part of the aforementioned auction.

Gene Haas has bought the facility and will use it as his European base with the team's headquarters being developed in North Carolina. With Ferrari power, Haas F1 will join the grid in 2016 with a TBD driver lineup.

The report also added that it is believed Haas also has access to data and designs for Marussia's planned 2015 car.